In the First Month of Operations, the Total of the Debit

question 90

Multiple Choice

In the first month of operations, the total of the debit entries to Three Sisters Company's cash account amounted to $1,000. The credit entries to the cash account totaled $300. At the end of the month, the cash account has a(n)

• A) $300 credit balance.
• B) $700 debit balance.
• C) $1,300 debit balance.
• D) $700 credit balance.

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Definitions:

Self-Realization

The process of fully understanding and achieving one's own potential, abilities, and desires, often considered a primary goal in various psychological and spiritual theories.

Innate Potential

Refers to the inherent abilities or capacities of an individual that can be developed through experience and learning.

Oedipus Complex

A theory in psychoanalytic literature that describes a child's feelings of desire for their opposite-sex parent and jealousy and rivalry with their same-sex parent.

Dependence

The state of relying on or being controlled by someone or something else for support, sustenance, or survival.